Solana (HSDT) Research & Development (2016 - 2025)
Solana's (HSDT) quarterly Research & Development came in at $886000.0 in Q4 2025, down 4.11% year-on-year from $924000.0 in Q4 2024, and up 3.26% quarter-over-quarter from $858000.0 in Q3 2025.
Solana (HSDT) Research & Development (2016 - 2025) Analysis & Trends
Solana has disclosed Research & Development across 10 years of filings, most recently posting $886000.0 for Q4 2025.
- Research & Development for Q4 2025 came in at $886000.0, down 4.11% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.5 million (down 4.04% YoY), and the FY2025 annual result was $3.5 million, down 4.04% from the prior year.
- Research & Development came in at $886000.0 for Q4 2025 at Solana, up from $858000.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $1.8 million in Q4 2021 to a low of $650000.0 in Q4 2023.
- The 5-year median for Research & Development is $886000.0 (2023), against an average of $1.0 million.
- Across the five-year window, Research & Development soared 118.62% in 2021 and plunged 56.08% in 2022, its largest moves.
- Solana's Research & Development stood at $1.8 million in 2021, then tumbled by 56.08% to $794000.0 in 2022, then declined by 18.14% to $650000.0 in 2023, then soared by 42.15% to $924000.0 in 2024, then fell by 4.11% to $886000.0 in 2025.
- The last three Research & Development figures came in at $886000.0 (Q4 2025), $858000.0 (Q3 2025), and $822000.0 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 637.00 Mn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 206.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Solana | 165.46 Mn | 161.06 Mn | 3.44 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 886,000.00 |
| Sep 30, 2025 | 858,000.00 |
| Jun 30, 2025 | 822,000.00 |
| Mar 31, 2025 | 945,000.00 |
| Dec 31, 2024 | 924,000.00 |
| Sep 30, 2024 | 1.08 Mn |
| Jun 30, 2024 | 870,000.00 |
| Mar 31, 2024 | 788,000.00 |
| Dec 31, 2023 | 650,000.00 |
| Sep 30, 2023 | 722,000.00 |
| Jun 30, 2023 | 684,000.00 |
| Mar 31, 2023 | 886,000.00 |
| Dec 31, 2022 | 794,000.00 |
| Sep 30, 2022 | 751,000.00 |
| Jun 30, 2022 | 953,000.00 |
| Mar 31, 2022 | 1.76 Mn |
| Dec 31, 2021 | 1.81 Mn |
| Sep 30, 2021 | 1.49 Mn |
| Jun 30, 2021 | 1.38 Mn |
| Mar 31, 2021 | 1.32 Mn |